Led · Series B · Aug 2025

R for Rabbit makes baby gear and care products emphasizing safety, design and affordability. The company was founded in 2014 and targets the expanding baby-care market in India. Management says the brand has delivered a 35% CAGR since FY21 and is on an annual run rate above $30 million for FY25. R for Rabbit positions itself on product innovation and customer trust, and investors describe it as a profitable, fast-scaling consumer brand. The company plans to use new capital to expand distribution, invest in product development, and strengthen digital initiatives. These moves are intended to capture rising demand in India for quality- and safety-focused baby products. R for Rabbit is a pan-India D2C baby-products brand founded in 2014 by Kunal and Kinjal Popat that develops baby gear, feeding and nursing products, toys, diapers and baby-care items with an emphasis on certified safety standards and innovation. The company recently expanded its portfolio to include Feather Diapers, diaper pails and baby wipes, and offers roughly 100 SKUs for the Middle East launch. R for Rabbit has a current revenue run rate of around INR 100 crore and expects to double revenue within 3 to 5 years. The brand has signed a distribution agreement with Apparel Group to enter the Middle East and is targeting over 10% incremental sales within a year from that market; it is also planning expansion into Nepal and Bhutan. Management says the company prioritizes safety, sustainability and world-class safety guidelines while keeping products accessible. The business resumed operations after COVID-19 disruptions and is focused on scaling distribution, operations and new product categories.

Participated · Series D · Feb 2024

Capillary Technologies India is a software product company offering artificial-intelligence-driven, cloud-native SaaS applications that help enterprise customers deepen consumer and channel-partner loyalty. Its platform is deployed globally, targeting large enterprises that want to enhance engagement and retention. For the six months ended September 2025, the company recorded consolidated revenue of ₹359.21 crore, following FY 25 revenue of ₹598.25 crore. To accelerate growth, the company is moving toward a public listing on the BSE and NSE. A portion of the IPO proceeds will come from a fresh issue of shares, providing new capital to the business. Capillary’s upcoming listing is being managed by JM Financial, IIFL Capital Services and Nomura Financial Advisory & Securities (India), with MUFG Intime India acting as registrar. The firm’s strategy centers on expanding its AI-driven loyalty product suite and scaling its global enterprise footprint.

Participated · Series D · Jun 2023

Capillary provides an end-to-end customer loyalty and engagement platform that delivers real-time omnichannel personalization and unified cross-channel strategies. Led by CEO Sameer Garde, the company offers a comprehensive view of consumers and powers loyalty programs for retailers and brands. It currently powers 100+ loyalty programs across 30+ countries and works with over 250 brands, including Tata, PUMA, Shell, Al‑Futtaim, Petron, Domino’s, Kanmo Group, and Marks & Spencer. Capillary has a presence across the United States, India, the Middle East, and Southeast Asia and recently strengthened its position through the acquisition of Texas-based Brierley. The company plans to use new funding for global expansion and to support its mergers-and-acquisitions strategy. Capillary raised $45M in funding to support these plans. Capillary Technologies offers the Intelligent Customer Engagement (ICE) platform to help retailers manage customer data, gain insights and personalize engagement across multiple channels. The platform is designed to drive increased sales and customer loyalty through targeted, omnichannel engagement. Capillary powers more than 150 major brands across 10,000 retail locations and brings instant shopper gratification to over 100 million consumers worldwide. The company emphasizes rapid deployment and easy management of customer data for retailers. Financially, Capillary completed a $14 million Series B round and had previously raised $17 million in Series A financing in 2012 from existing backers. The long-term product focus remains on expanding retailer adoption of its ICE platform.

Led · Equity · May 2023

THB (Sekhmet Technologies Private Limited) offers a data management platform and a suite of software solutions addressing more than 20 healthcare use cases, including patient engagement, doctor engagement, clinical CRM, analytics automation, customer care automation, and real-world evidence. The company serves over 150 healthcare enterprises across more than 10 countries, spanning hospitals, pharma, diagnostic labs, primary care, consumer health, payors, and med-tech firms. THB positions itself as a healthcare data-technology and analytics platform aimed at enabling data- and evidence-driven healthcare and improved customer experience. Leadership includes MD & Group CEO Akansh Khurana and a management team listed in company materials. The company is focused on expanding its product portfolio and investing in a growing global presence. It plans to accelerate growth across South Asia, the Middle East, and Southeast Asia using newly raised funds.

Led · Series C · Oct 2021

Chalo offers an app that lets users track the live location of any bus, purchase tickets, and travel by scanning a unique QR code. It partners with local city bus operators across India, providing GPS tracking, online ticketing, and digital multi-journey bus passes. Operators pay Chalo based on increased ridership. Founded in 2014 by Mohit Dubey, Vinayak Bhavnani, and Priya Singh, the company focuses on digitizing urban bus ticketing and ridership tracking. According to regulatory filings accessed by Entrackr, Chalo has raised $20 million via the allotment of preference shares. The filings show the company issued 3,015 preference shares at an issue price of $6,634 per share. Chalo deploys GPS devices on buses and offers an app that sells tickets and monthly passes, enabling operators to accept digital payments and secure recurring revenue. Its ticketing system is designed to work offline and accept online payments while buses travel through low-connectivity areas. The company highlights operational challenges such as operators not knowing daily collections and a largely cash-based commute market. Chalo is seven years old and has grown its fleet from about 1,900 buses pre-pandemic to roughly 2,500 today, with several thousand more signed up and a target of 8,000 buses live by December. The startup reports about 20 million rides per month and emphasizes the societal impact of improving the public-bus experience. Investors and company statements indicate plans to expand its offering nationwide.